Trade war fears, crude oil price to dictate market sentiments: Experts
Team Udayavani, Jun 21, 2018, 8:52 AM IST
New Delhi: Domestic stock markets this week will be driven by a range of factors including renewed concerns over global trade war, movement in crude oil prices, progress of monsoon, according to experts.
Trading sentiments are likely to take a hit in the wake of fresh tariffs imposed by the US on Chinese imports.
“Going ahead the markets would weigh the concerns coming from possible trade war between the US and China,” Teena Virmani, vice president (Research) at Kotak Securities Ltd, said.
Also, the experts are of the view that Indian stocks are now entering a dull phase since most key events like earnings season, macroeconomic data and RBI policy announcements are over.
“Domestic fundamentals will take a backseat for now since we have seen earnings season, monsoon projections and recent GDP and RBI policy. We believe all eyes will be on global developments, the return of trade war with US signing another USD 50 billion tariffs, crude oil and USD/INR,” Epic Research CEO Mustafa Nadeem said.
Investors will continue to track fluctuations in crude oil prices as well as developments on progress of the monsoon, Hem Securities director Gaurav Jain said.
“… escalation of trade tensions is likely to impact the near term market sentiments. Market will closely follow OPEC and Russia meeting this week, to decide on relaxation of supply cuts,” said Vinod Nair, Head of Research, Geojit Financial Services.
Over the last week, the BSE Sensex advanced 178.47 points, or 0.50 per cent, to close at 35,622.14. SUM MKJ
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
RuPay credit, debit cardholders to get 25% cashback on purchases in 7 nations
E-commerce firms back govt’s proposal to make anti-fake review rules mandatory
PHF Leasing Limited widens its EV Loan portfolio
Markets snap 3-day winning run; Sensex slips over 100 pts on foreign fund outflows
Moody’s pegs India’s FY25 GDP growth at 6.6%
MUST WATCH
Latest Additions
Kasturba Hospital, Manipal hosts nutrition stewardship program in collaboration with Abbott Healthcare
Dengue cases surge in Karnataka
Country faced identity crisis under Cong-led government at centre: Adityanath
SP, Congress want to try out ‘TMC politics’ in UP: PM Modi in UP’s Bhadohi
Arrested J’khand minister Alamgir Alam remanded to 6-day ED custody